Multiple choice

The cost price of 20 articles is the same as the selling price of 15 articles. The profit percentage in the transaction is

  1. 25

  2. 30

  3. 33⅓

  4. 50
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP of one article be 1. CP of 20 articles = 20. SP of 15 articles = 20, so SP of one article = 20/15 = 4/3. Profit = 4/3 - 1 = 1/3. Profit percentage = (1/3) * 100 = 33 1/3%.

AI explanation

Let the cost price of one article be Re. 1; the cost price of 20 articles is Rs. 20, which equals the selling price of 15 articles. Therefore, the selling price of one article is 20 / 15, or Rs. 4/3. Using the profit percentage formula, Profit % = ((SP - CP) / CP) * 100, we get ((4/3 - 1) / 1) * 100 = 33.33%. The profit percentage is 33.33%.

Keep practicing — related questions